[Reuters] NetApp's revenue forecast below estimates, stock drops

Posted by: UGN Security

[Reuters] NetApp's revenue forecast below estimates, stock drops - 05/23/12 02:03 PM

SAN FRANCISCO (Reuters) - NetApp Inc forecast revenue below expectations and its CEO warned he is cautious about the outlook for business in Europe, sending the data storage equipment maker's shares down 22 percent in after-hours trade.